ANCOMLB (0048) - Could it be another asset injection or RTO coming for ANCOMLB??

KEY PERSON


 

Dato' (Dr) Siew Ka Wei

- Currently, Dato’ Siew is the Group Managing Director of Ancom Berhad, the holding company of the Company, and its subsidiary, Nylex (Malaysia) Berhad, both of which are listed on the Main Market of Bursa Malaysia Securities Berhad.Dato’ Siew is a substantial shareholder of the Company through his direct and indirect shareholding in Ancom Berhad and his direct and indirect interest in the Company.
RTO or TAKE OVER COMING?

- As what you all can see, Dr Siew is the substantial shareholder of Ancom Logistics Bhd. We put it a summary as below :

Directors’ Shareholdings,Dato’ (Dr) Siew Ka We

Direct Indirect No. of shares  - 725,867

Indirect No. of shares - 215,473,196



Do we need to have a  'gem of sight' just to smell something brewing??? From our observation. Dr Siew has launch some proactive's move to keep his helm under one roof like P&O, Nylex, Ancom and Ancomlb.

First, he will propose some corporate exercise to his little company which is Ancom Logistics. we received a hot info that his plan to launch a RTO or perhaps Take Over to this company via Redberry Group. This is just an initial step for something big. Below is what we receive from our proxy. Is the deal go on??? or it just a rumours.  Let it be a secret.


  


TECHNICAL OUTLOOK

WEEKLY CHART

- Long candle spike was seen today. It is important to monitor its resistance at 0.15, for the record it already broke the resistance with volume and touch its 52weeks (0.165sen) high today. We believe more upside coming.


MONTHLY CHART






CONCLUSION

- WITH THE HOT RUMOURS COMING PLUS BEAUTIFUL CHART WAS SEEN, WE STRONGLY BELIEVE MORE UPSIDE FOR THIS COMING WEEK.

SHORT TERM TP FOR ANCOMLB : 0.20

*TRADE AT YOUR OWN RISK


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